Canva Cuts Over 1,000 Jobs After Its Toughest Year on Record
Design platform Canva is eliminating or restructuring more than 1,000 positions after CEO Melanie Perkins described the past year as the company's hardest.
Australian graphic-design platform Canva is laying off or reassigning more than 1,000 employees following what its chief executive called the most difficult year in the company's history. CEO Melanie Perkins disclosed the cuts in communications to staff, framing the period as one that demanded significant organizational change.
The announcement marks a notable shift for Canva, which had grown rapidly during the pandemic-era surge in demand for digital design tools. The scale of the restructuring — affecting more than 1,000 workers either through job losses or forced role changes — signals a broader recalibration as the company navigates a more challenging post-growth environment.
Read more Labubu Collectible Craze Fades as Pop Mart Revenue Drops →
Perkins described the year as "our hardest yet," language that underscores the pressure facing even well-capitalized private technology firms as investor scrutiny and cost discipline tighten across the sector. Canva has long been valued among the most highly priced private startups globally, making the workforce reduction a significant moment for the broader tech industry.
The dual structure of the cuts — combining outright layoffs with role reassignments — suggests Canva is attempting to retain some talent while reducing overall headcount costs. Such hybrid approaches have become increasingly common among technology companies seeking to manage workforce reductions without fully severing institutional knowledge.
Continue reading at BBC News.
